🚨 $VELODROME /USDT AT CRITICAL SUPPORT: A Breakout or Deeper Correction? 🚨
VELODROME/USDT is trading at $0.1804, down 9.57% over the past day. After hitting a 24-hour high of $0.1999 and a low of $0.1767, the price is now consolidating near a critical zone. This sets the stage for a potential sharp move in either direction.
Key Levels to Watch:
Resistance Levels (Upward Targets):
1. $0.1900
2. $0.1950
3. $0.1999
Support Zone: $0.1767
Trade Setup:
A breakout above $0.1900 could push the price toward $0.1950 or even test $0.1999.
Failure to hold $0.1767 may trigger further downside, possibly retesting $0.1630.
📊 Market Insight:
VELODROME is experiencing heightened volatility. Traders should watch for volume confirmation to gauge the direction of the next move. Tight stop-losses are recommended due to the potential for rapid swings.
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